India Crane News

Recent industry report about India Crane company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ India Crane Market industry experts.

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India Crane News

  • In December 2023 Manitowoc Company unveiled its latest Potain MCH 175 luffing cranes at the CII Excon Event one of the leading construction equipment exhibition in South Asia. 
    • This marks a significant addition to their range of products showcasing advanced technology in luffing crane design. The event provided an ideal platform for this debut aligning with the industrys focus on innovation and efficiency in construction 
  • In September 2023, At the Conex construction trade show held in Gujarat, MyCrane, a Dubai-based online crane rental service declared the initiation of its fully owned operations in India. Further expanding its global footprint the company also announced the commencement of its operations in the Kingdom of Saudi Arabia during the Adipec oil and gas exhibition in Abu Dhabi, UAE, in November. 
    • These strategic moves represent significant steps in MyCrane's growth and its commitment to extending its presence in key markets across the Middle East and South Asia.
  • In February 2023, At Bauma Conexpo 2023, Action Construction Equipment (ACE) introduced several products, including India's first fully electric mobile crane the countryies most substantial indigenous crane capable of lifting 180 tons and India's inaugural self-propelled aerial work platforms. 
    • These introductions mark significant advancements in India's construction equipment sector highlighting ACE's commitment to innovation and technological development in the industry.
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  • November 2023: In line with India's "Make in India" and "Atmanirbhar Bharat" initiatives, ABB partnered with Titagarh Rail Systems to supply propulsion systems for Indian metro projects. This partnership allows Titagarh to purchase ABB propulsion systems, including traction motors, auxiliary converters, traction converters, and TCMS software, and acquire manufacturing rights and production licenses for ABB traction motors and technology for GoA4 TCMS software.
  • September 2023: CRRC Zhuzhou Electric, a unit of state-owned CRRC, developed China's first domestically made permanent magnet traction motor for 400 km/h trains. This TQ-800 motor unveiled in 2019 aims to increase efficiency and reduce reliance on foreign technology, breaking the monopoly previously held by overseas manufacturers. Previously, Chinese bullet trains that used different traction systems had a maximum speed of 350 km/h.
  • July 2023: Škoda Group announced plans to supply up to 1,120 traction motors for a new fleet of trams being manufactured for Melbourne, Australia.
  • February 2024: Ozbir Vagon, a Turkey-based company, unveiled its new track machines to be deployed in Switzerland as part of the project undertaken by the national operator SBB Bahninfrastruktur. The company also announced that, along with Harsco Rail, it is tasked with supplying 59 units of track equipment to SBB Bahninfrastruktur.
  • January 2024: The Malaysian government announced that 41.5% of the East Coast Rail Link (ECRL) track-laying had been completed in the project's first phase between the Kuantan Port City (KPC) station and Dungun by deploying the CCPG-500A track-laying machine, which can achieve 1.5 km to 2 km per day. Further, the government stated that after the completion of this stretch, the track-laying machine will be utilized to install the tracks between KPC and Temerloh.
  • November 2023: Chinese authorities announced their plan to commence laying tracks for the direct high-speed railway between China and Vietnam, which spans 46.9 kilometers and has a travel speed of 200 km/hr. Further, it was declared that these tracks would be installed through a track-laying machine deployed on-site for the seamless completion of the project.
  • In August 2023, Hendrickson, a prominent worldwide provider of medium and heavy-duty mechanical, elastomeric, and air suspensions, as well as integrated and non-integrated axles, along with various commercial vehicle systems, introduced its air and mechanical suspensions and axles designed specifically for trailer applications in the Indian market.
  • In June 2023, XPO, a prominent provider of transport and logistics solutions in Europe, embraced recent revisions to trailer length regulations that took effect on May 31 in the UK.
  • As of the legislation passed in May 2023, HGV tractors and trailers are now permitted to be up to 18.55m (61ft) long, marking an increase of 2.05m (6ft 9in) compared to the previous maximum allowable length in the UK roads.
  • In December 2023 Manitowoc Company unveiled its latest Potain MCH 175 luffing cranes at the CII Excon Event one of the leading construction equipment exhibition in South Asia. 
    • This marks a significant addition to their range of products showcasing advanced technology in luffing crane design. The event provided an ideal platform for this debut aligning with the industrys focus on innovation and efficiency in construction 
  • In September 2023, At the Conex construction trade show held in Gujarat, MyCrane, a Dubai-based online crane rental service declared the initiation of its fully owned operations in India. Further expanding its global footprint the company also announced the commencement of its operations in the Kingdom of Saudi Arabia during the Adipec oil and gas exhibition in Abu Dhabi, UAE, in November. 
    • These strategic moves represent significant steps in MyCrane's growth and its commitment to extending its presence in key markets across the Middle East and South Asia.
  • In February 2023, At Bauma Conexpo 2023, Action Construction Equipment (ACE) introduced several products, including India's first fully electric mobile crane the countryies most substantial indigenous crane capable of lifting 180 tons and India's inaugural self-propelled aerial work platforms. 
    • These introductions mark significant advancements in India's construction equipment sector highlighting ACE's commitment to innovation and technological development in the industry.
  • February 2024: Seegrid Corporation announced the launch of an autonomous lift truck, the Palion Lift CR1 model, to address evolving challenges in autonomous material handling for warehousing, manufacturing, and logistics customers. The Palion Lift CR1 boasts an impressive 15’ lift height and a robust 4,000lb payload capacity. Further, the company stated that the new model is equipped with its own proprietary state-of-the-art navigation technology.
  • September 2023: Worldwide Flight Services (WFS) announced the commencement of a trial to utilize automated guided vehicle (AGV) forklifts in its cargo terminal at Barcelona Airport, Spain. Further, the company stated that the trial of Linde AGV forklift trucks will be ongoing till April 2024 and, if successful, will see this technology rolled out across other WFS stations in the Europe, Middle East, Africa, and Asia (EMEAA) region.
  • August 2023: Cyngn Inc., a developer of AI-powered autonomous driving solutions for industrial applications, announced a paid pre-order agreement with Arauco, a global company of sustainable forestry products, pulp, and engineered wood that is a supplier to the furniture and construction industries, to supply 100 autonomous electric DriveMod-enabled forklifts. The agreement aims to enhance Arauco's operations and drive efficiency in its material handling processes.
  • October 2023: Isuzu Australia Limited (IAL) has recently disclosed that the initial release of its advanced truck range in Australia will consist of the new medium-duty F Series models equipped with four-cylinder engines. The unveiling of the F-Series and its forthcoming model launch was announced at the 2023 Japan Mobility Show, where IAL actively participated. This event served as a platform for both commemorating the impending introduction of innovative models in the Australian market and gaining valuable insights into the latest technological advancements and industry updates.
  • July 2023: Komatsu Ltd. announced the launch of the PC200LCE-11 and 210LCE-11 models of its 20-ton class electric excavators as rental machines in the Japanese and European markets in October 2023 and The company also plans to progressively introduce these electric models in Asia and North America, and Australia. It is equipped with lithium-ion batteries and has a 20-ton capacity.
  • July 2023: XCMG Construction Machinery Co. Ltd. unveiled its latest electric construction machinery lineup in Brazil. This exciting launch included two remarkable electric loaders: the XC918-EV, tailored for efficient operations in compact spaces, and the XC968-EV, engineered to excel in heavy lifting applications.
  • May 2023: Volvo Construction Equipment made a significant breakthrough by introducing a groundbreaking lifting mode for its multi-demolition boom. The company innovatively designed and engineered a solution to enhance the lifting capabilities of multi-use demolition machines.
  • June 2023: LiuGong introduced the 856H-E MAX Wheel Loader, which is part of the company's range of electric construction.
  • April 2022: Doosan Infracore North America introduced four next-generation -7-series mini excavators in Canada. Four excavator models include the zero-tail swing DX27Z-7, DX35Z-7, and DX50Z-7, as well as the reduced tail swing DX55R-7.
  • June 2023: Liebherr-France SAS, a prominent construction equipment company operating in France, made a significant investment of Euro 170 million (USD 182 million) to establish a state-of-the-art manufacturing facility in Alsace, France. This strategic move aims to enhance and fortify the company's local supply chain infrastructure.
  • February 2023: Hitachi Construction Machinery, a renowned Japanese construction equipment manufacturer, announced its intention to implement an 8% price increase on its equipment, effective from April 2023, for customers worldwide, including those in France. This price adjustment also extends to equipment available to French customers through dealerships, resulting in an 8% price hike compared to 2022 pricing.
  • October 2022: In recognition of its outstanding innovation efforts, Liebherr-France SAS received the prestigious Bauma Innovation Award in the "Climate Protection Category" during the thirteenth Bauma Innovation Awards ceremony. The award celebrated the company's groundbreaking achievement in developing a hydrogen-powered excavator known as the R 9XX H2.
  • June 2023: CNH Industrial N.V. inaugurated a state-of-the-art manufacturing facility in Cesena, Italy, marking a significant development in the company's expansion efforts. This new plant is dedicated to the production of mini-excavators and mini-track loaders, with a special focus on electric models.
  • May 2023: Bobcat made a noteworthy entry into the Italian market by introducing the E19e electric mini-excavator. This innovative excavator boasts a substantial 17.3 kWh battery, surpassing the E10e's 11.5 kWh power source. This enhanced battery capacity reflects Bobcat's commitment to delivering more powerful and sustainable solutions to meet the evolving needs of the construction industry in Italy.

Crane Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)